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Ministry of Corporate Affairs

Government orders probe into alleged mismanagement of funds by Jet Airways

The Ministry of Corporate Affairs has ordered Serious Fraud Investigation Office (SFIO) to carry out the investigation, a government order seen by Reuters showed.

Jul 04, 2019, 23:04 PM IST

NCLAT stays proceedings against IL&FS, group companies

A two-member NCLAT bench headed by Justice S J Mukhopadhaya has asked the top five lenders of IL&FS to submit their replies over the government's plea for 90 days moratorium.

Oct 15, 2018, 13:00 PM IST

MCA seeks clarifications from Jet Airways auditors on deferring results announcement

The auditors are believed to have issues regarding the airline being a going concern.

Aug 21, 2018, 17:10 PM IST

Centre studying other countries' systems for new individual insolvency framework

The Centre is inclined towards the UK system with some modifications, sources have said.

Jun 21, 2018, 17:43 PM IST

Over 2.25 lakh cos may be struck off in FY'19 for not filing financial statement

Also, over 3.09 lakh directors were disqualified for not filing financial statements or annual returns for preceding 3 years (2013-14, 2014-15 and 2015-16).

Jun 08, 2018, 14:02 PM IST

Companies linked to ICICI Bank controversy come under MCA lens

The official also said the affairs of ICICI Bank are not being looked into by the ministry as that is completely under the purview of the Reserve Bank of India (RBI).

Jun 07, 2018, 16:49 PM IST

Shell companies crackdown: MCA to nail several accounts, take stern action

The Serious Fraud Investigation Office has also started probe into a few cases related to these companies.

Mar 13, 2018, 12:24 PM IST

HC junks FTIL's petition against govt order to merge with NSEL

The Bombay High Court on Monday dismissed a petition filed by the erstwhile Financial Technologies (India) Ltd (FTIL) challenging a 2016 decision of the Union government ordering its merger with its subsidiary, National Spot Exchange Ltd (NSEL).

Dec 04, 2017, 14:34 PM IST

MCA disqualifies more than 2 lakh directors of shell companies within 15 days

After the recent crackdown, the total number of directors disqualified by MCA has reached three lakhs.

Oct 03, 2017, 22:35 PM IST

Black money crackdown: Directors of deregistered companies to face up to 10-year jail for siphoning off funds

It was also decided that the directors of shell companies which have not filed returns for three or more years would be disqualified from holding such position in any other firm.

 

 

 

Sep 06, 2017, 20:06 PM IST

Black money crackdown: Disqualified directors barred from submitting documents to MCA

Applications and documents filed by disqualified directors of companies to the Ministry of Corporate Affairs will be "summarily rejected", according to a communication.

Sep 06, 2017, 18:53 PM IST

Bollywood, builders & brokers: More 'shell-shocks' in store

While several small brokers are already in the list of 'suspected shell firms', their links to bigger brokerage groups are being probed by 

Aug 13, 2017, 14:37 PM IST

IT dept to share vital data with MCA to nail down shell companies

The tax authorities will now relay audit reports of corporates and specific information from their I-T returns as also PAN data to the ministry of corporate affairs, as the government plans to crack down harder on shell companies.

Jul 27, 2017, 15:10 PM IST

Ola lost Rs 6 crore a day during 2015-16

SoftBank-backed cab aggregator Ola posted a consolidated loss of over Rs 2,311 crore -- about Rs 6 crore a day -- during fiscal 2015-16, on account of heavy advertising and promotional expenses and high employee cost.

Apr 30, 2017, 16:51 PM IST

Money laundering: 8-9 lakh registered companies not filing returns, says Adhia

As many as 8-9 lakh registered companies are not filing annual returns with the Ministry of Corporate Affairs (MCA) and are a potential source of money laundering, Revenue Secretary Hasmukh Adhia said on Saturday.

Apr 29, 2017, 11:07 AM IST

Govt plans making Aadhaar compulsory for filings under Companies Act

The government plans to make Aadhaar compulsory for regulatory filings made by key managerial personnel and directors under the Companies Act so as to weed out bogus entities.

Apr 13, 2017, 23:52 PM IST

Shell companies under our radar: CBDT chief

The Central Board of Direct Taxes (CBDT) is examining several dubious companies and they would be removed from the website of Ministry of Corporate Affairs (MCA) if found to be shell firms.

Mar 04, 2017, 12:48 PM IST

Ex-bureaucrat BK Bansal's suicide note alleges harassment, torture by CBI officials, probe on

The suicide notes written by BK Bansal contain allegations against certain CBI officials in connection with the on-going bribery investigation against him and his family.

Sep 28, 2016, 18:36 PM IST

After wife and daughter, graft-accused BK Bansal and his son commit suicide at Delhi residence

BK Bansal, who was the Director General of Corporate Affairs, was arrested by the Central Bureau of Investigation in July on alleged charges of bribery.

Sep 27, 2016, 11:18 AM IST

Government to set up special court for all NSEL cases

Government Sunday decided to set up a special court to hear all NSEL related cases on a priority basis while also asked the Enforcement Directorate to expedite action to recover Rs 3,721 crore from defaulters, and regulator Sebi to complete probe of brokers at the earliest.

Jul 24, 2016, 16:09 PM IST